Citrus Heights home with unusual lot back on market for $849k

By Sara Beth Williams–
A four-bedroom, three-bath home in Citrus Heights with a large lot and an unusually long driveway access was relisted last month at $849,000, after being taken off the market last year, according to real estate site Zillow.

The 2,728-square-foot home located at 8117 Glen Canyon Court has been on the market multiple times. Between 1998 and 2003, the property sold three times, with its lowest sale price in 1998 listed at $179,000 according to public records. The property sold again in 2021 for $720,000.

Two years later, the property was relisted at $899,000, but sales history shows the price dropped by $1,000 and then again dropped to $850,000 before the property was eventually removed from the market in November.

The two-story home, which sits on almost half-an-acre, boasts a two-car garage along with additional parking spaces suitable for RVs or boats according to the listing description. The description also indicates that the home has had $150,000 in renovations including a new roof, bathroom, lighting updates, a kitchen remodel, and more.

Real estate agent Zhanna Movsisyan with ZT Real Estate could not be reached for comment on Tuesday. It was not immediately apparent as to when renovations on the home took place.

Sacramento-area residential appraiser and housing market analyst Ryan Lundquist said in a May 2 update that the housing market is seeing some “red flags.”

“Consumers are feeling economic pain, and we need to talk about some of the things that are brewing,” Lundquist wrote, noting data showing a recent uptick in mortgage delinquencies as well as in credit card and auto delinquencies.

The property on Glen Canyon Court is currently listed at $311 per square foot. Another home on Kingswood Drive, with almost 1,000 more square footage, was previously listed for $849,000 in March. The price has since dropped to $799,000 as of May 2, bringing its cost down to $222 per square foot.

Related: Real Estate: Check out this $849k home in Citrus Heights – Citrus Heights Sentinel

“We see properties all the time that are listed as record-breaking listings, but a record is really only broken when a property actually sells,” Lundquist previously told The Sentinel. While listing prices typically are set using comparative data of similar properties, he said “sometimes properties are simply overpriced.”